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Flat tax gets lost on the way from Government to Parliament
Despite all the commotion sparked last month by the Finance Ministry, the flat tax is no longer mentioned in the Fiscal Code bill, which is to be debated by Parliament. The Ministry of Publi...
Budget debate scheduled to begin on November 17
The debate over next year's State budget and Social security budget laws by the Parliament will begin on November 17. The MPs have until next week to submit their amendments to these law dra...
Nastase sends commitment list to Prodi
PM Adrian Nastase on Tuesday sent to the European Commission chairman Romano Prodi a letter detailing the supplementary commitments of the Government to be fulfilled until the actual publica...
Austria's Lasselsberger likely to take over ceramics company Sanex
Austrian group Lasselsberger, one of Europe's largest construction materials groups, is in talks for the takeover of 67.4% in Sanex Cluj Napoca, Romania's biggest ceramic tiles maker. The tr...
Primola moves to economy
The low purchasing power of the consumers has made more and more chocolate makers move to the "economy" market segment. After having challenged the middle-to-premium segment with Primola, Su...
Tiriac Holdings auto unit to sell 7,500 vehicles
Tiriac Holdings auto unit, which includes brands such as Chrysler, Ford, Hyundai, Jeep, Mazda, Mercedes-Benz, Mitsubishi and Smart, saw turnover up 17% (some $9m) in the first half this year...
BCR Dinamic close to final licence
BCR Dinamic investment fund launched by the investment management company held by Banca Comerciala Romana (Romanian Commercial Bank - BCR) has come to total 25.2bn ROL in net asset and more...
Ruling party PSD sacrifices three ministers in attempt to retain credibility
Three ministers of the Nastase Cabinet - Integration minister Hildegard Puwak, Health minister Mircea Beuran and Serban Mihailescu, minister for coordinating the Government's Secretariat Gen...
Govt-NBR co-operation needs to improve
The inflationary flare-up in September, when the inflation jumped to 2.1% from the 0.3% all time low in August, is merely reflecting one of the weak links in the co-operation between the cen...